 |
|
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
 |
|
|
|
|
Some 30% of companies expect to improve wages in fiscal 2010, but they will still be at low level for 2nd straight year -- "Employment" plays biggest role in work conditions making decision, replacing "Wages" -- Introduction While concerns about employment and income are growing in the Japanese economy due to the global recession after the bankruptcy of Lehman Brothers, public attention is focusing on efforts to increase wages such as increasing base salaries and bonuses, as well as securing enough jobs for workers. In addition, an equally important issue is whether personal spending can support the economy through, for example, the government's direct support measures for households. Teikoku Databank conducted survey on corporate attitudes toward wages in fiscal 2010. Research Period: January 20 to 31, 2010 Research Subjects: 21,781 corporations across Japan Valid Responses: 10,651 corporations(response rate 48.9%) *This is the fifth survey on wage trends, following surveys conducted in January 2006, January 2007, January 2008 and January 2009. Results of the Research Only 31.8% of corporations expect wage improvement in fiscal 2010 When asked about wage trends in fiscal 2010, the number of companies that said a wage improvement for permanent employees (e.g., raises in basic pay, bonus and lump sum) "will be implemented/can be expected" was 3,388 out of 10,651 firms. Its percentage distribution was 31.8%, increasing 3.9 points compared with forecasts for fiscal 2009 (27.9%). In the meantime, 4,315 corporations answered that a wage improvement "will not be implemented/cannot be expected," accounting for 40.5%, suggesting that the corporate wages environment would likely remain very tough. In detail, a raise in basic pay accounted for 27.2%, while an increase in bonus/lump sum for 16.6% Looking at the specifics of the wage improvement plan for permanent employees in fiscal 2010, "a raise in basic pay" accounted for 27.2% of the total (or 2,900 out of 10,651 firms), and "an increase in bonus/lump sum" made up 16.6% (or 1,772 firms). These ratios increased from the previous survey (fiscal 2009) by 2.0 points and 4.0 points, respectively. In addition, 10.5% of the companies already plan to reduce wages in fiscal 2010, suggesting that they may inevitably cancel a regular wage increase and cut bonuses. More than half aim to secure a workforce, accounting for the largest share of reasons for a wage increase; nearly 80% will not raise wages because of weak performance When asked about the reason for the wage increase (multiple answers allowed), 1,785 companies, accounting for 52.7% of the 3,388 companies that said they expected to raise wages, said they aimed to secure a workforce, also accounting for the largest share of the answers, down 5.8 points from the 58.5% in the previous survey. Meanwhile, 3,372 companies, accounting for 78.1% of the 4,315 companies that said they would not raise wages, said they would not do so because of their poor business performance, up 1.3 points from the 76.8% in the previous survey. Total of 54.3% expect no improvement in non-permanent employees' wages, while only 12.8% expect improvement, suggesting a tough wage environment When asked about wage trends for non-permanent workers in fiscal 2010, 1,065 companies said they will or expect to raise their wages, accounting for 12.8% of the 8,332 companies that hire non-permanent employees. Meanwhile, 54.3% of the 8,332 companies said they will not or do not expect to raise their wages, exceeding 50% for the second consecutive year. These results highlight how tough the wage environment is, the same as last year, as companies are cutting more non-permanent jobs than permanent jobs amidst the current recession. "Employment" plays biggest role in deciding working conditions, replacing "Wages" Asked what factor plays the biggest role in deciding working conditions in fiscal 2010, 3,984 companies said "employment" is the biggest factor, accounting for 37.4% of the 10,651 companies. Thus, companies that put the top priority on "employment" accounted for the largest share. Survey on corporate attitudes towards wage trends in fiscal 2010 
|
|
|
|||||
|
 |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
